Chinese investment in Australia plunges as tensions mount

SYDNEY - Chinese investment in Australia almost halved in 2019, new data released Monday showed, as relations between the two countries deteriorated.

It was the third consecutive year that Chinese investment in Australia dropped since peaking at A$15.8 billion in 2016. In June, Australia announced tougher measures to block or overturn new foreign investments deemed to compromise national security - a move widely viewed as an effort to limit growing Chinese influence.

While Chinese investment in Australian real estate and agriculture also fell in 2019, the ANU researchers found some"modest gains" in the construction, education and finance sectors.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China investment to Australia drops for third year as ties fraySYDNEY (BLOOMBERG) - Chinese investment to Australia last year dropped for the third straight year, researchers reported on Sunday (Sept 13), a further sign of the impact of souring economic and diplomatic ties.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

China investment to Australia drops for third year as ties fray[CANBERRA] Chinese investment to Australia last year dropped for the third straight year, researchers reported Sunday, a further sign of the impact of souring economic and diplomatic ties. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »